Even in the late nineteenth century there were
few organizations of any size or importance—no labor unions, no trade associations,
and few large businesses, nonprofit organizations, or governmental agencies.
What a change has occurred since then! The development of large organizations
transformed all of society, and, indeed, the modern corporation may be the most
significant innovation of the past 100 years.33 This chapter’s Book Mark examines
the rise of the corporation and its significance in our society